Giving back: cash waqf in Malaysia
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The institution of waqf, or an Islamic foundation, has played a significant role throughout Islamic history, from the time of the Prophet (pbuh) to the present time. Although this institution existed before the coming of Islam, Islam was the first religion to develop its legal system and to regulate it. It became the main device created by Muslims to facilitate most social services such as education, health care, national security, transportation facilities, basic infrastructure, etc., without any cost to the government. Recently, the creation of new waqf has concentrated mainly on movable waqf, i.e., cash waqf.
Wealth management , Waqf , Cash waqf , Malaysia
Ismail Abdel Mohsin, Magda. (2010). Giving back: cash waqf in Malaysia. Business Islamica Magazine, (66), pp. 66-69.
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